Making money in the crypto circle, cashing out is a technical job! If not handled well, the card could be frozen, and if the money is gone, you’ll need to take the blame.
My personally tested reliable cash-out method:
Get a Hong Kong bank card (the safest, ideal for larger amounts):
Money goes directly into a Hong Kong card, avoiding monitoring from domestic banks, not afraid of being frozen. Go to Hong Kong to handle it yourself (banks like Dah Sing, Bank of China are fine), or find a reliable intermediary (but it's getting harder). Try not to withdraw less than $2,000 each time.
Find reliable merchants on the exchange C2C (be discerning):
Key point:
Only choose merchants with Blue Shield certification (platform vetted).
Let the other party’s money stay in the bank card for more than 3 days (not just freshly deposited dirty money).
Real names must match! The name of the person making the payment must be consistent with the merchant’s name.
Leave all evidence: save chat records and transfer screenshots well.
Be cautious with large amounts: don’t exceed 50,000 in a single transaction, divide it into several withdrawals. It’s best to confirm via video that the other party is the actual person, to prevent scams.
Cash transactions with acquaintances (not for beginners! Extremely high risk):
Only deal with acquaintances you’ve known for a long time (over 3 years), don’t make the amounts too large (<20,000). Transactions with strangers are easy to fall into traps: fake money, transfer scams, and you might even get into trouble. If you really want to do it? Meet in public places and record the meeting.
No matter which trick you use, the life-saving rule:
Backup transaction records well, keep for 5 years! Clean sensitive crypto-related words from your phone.
Spread your money around, don’t keep it all on one card! Leave enough for living expenses untouched.
Look at your money with the perspective of checking for dirty money: can you clearly explain its source? Can it withstand questioning?
Blood and tears lesson:
I used to think, 'What’s there to fear if I haven’t done anything wrong?' Until I lost hundreds of thousands and realized: trading crypto itself isn’t illegal, but if the money isn’t clean or the methods aren’t right when withdrawing, no one will protect you. Only safely cashing out counts as true profit!
There are three types of people making money in the crypto circle:
Honestly holding onto crypto: just buy some Bitcoin, buy and leave it alone, not getting excited when the bull market comes. Save a bit of money each year to buy, after two rounds of bull and bear markets, quietly become wealthy. This path is simple, but many do not believe it and find it slow.
Relying on luck: listening to news everywhere, in a bull market you might get lucky and buy a coin that multiplies many times. But this kind of money comes fast and goes faster; many cannot hold on and end up giving it back.
Those who make a living with real skills: understand projects, know how to trade, follow trends. Focus on trading (play in USDT), even if you make money, don’t get complacent. Only recognize logic; if the logic is there, hold on, if it’s over, walk away. This is the hardest, requiring both strength and talent.
Which type do you want to be? The first type is the easiest, the third type is the hardest, the second type depends on luck.
The fatal mindset in trading crypto, once involved, you lose money:
Wanting perfection: always wanting to buy at the lowest and sell at the highest, unable to accept small losses, frequent trading leads to greater losses.
Want to get rich quickly: all in one go, betting everything, the inevitable outcome is blowing up the account.
Stubbornly going against the market: refusing to admit mistakes when the market is wrong, insisting on holding until it blows up. The market is the biggest; learn to admit mistakes and prioritize survival.
Worrying about gains and losses: feeling anxious before opening a position, fearing losses and gains after opening, staring at account fluctuations and unable to do anything, mindset breaks and operations get chaotic. Keep it light! Don’t expect to get rich overnight; earn money that suits your ability.
Too fearful: being traumatized by losses, when good opportunities arise, afraid to hold long positions, taking quick profits and missing out on big money. The solution is also to keep it light; with less pressure, you naturally become bolder.
Emotional highs: when the market fluctuates significantly, people panic, making chaotic moves buying high and selling low. Always respect the market! If you lose, don’t rush to recover, first stop! Being anxious is the fastest way to lose money.
Following the crowd: having no opinions of your own, believing whatever others say. If your skills aren’t up to par, don’t discuss market trends with others, it’s easy to be led astray.
Eager to turn small money into big money: always playing short-term, but end up not making any money, with fees and stops wearing down the principal. The smaller the level, the harder it is to grasp! Technical mindset isn’t strong enough, don’t touch small cycles!
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The core truth: rolling over positions is essentially a probability game — use 5% of your position to test and let 200% profit cover 10 stops, math crushes emotion. Follow @crypto姜哥 for daily volatility alerts, the next wave of 10x opportunities is on the way!
